A huge hack of the SUI network and strong losses of the currency

SUI token declines due to a major network hack.

The SUI network was subjected to a major cyberattack on the Cetus Protocol,

causing losses exceeding $220 million

during the days preceding May 22.

SUI tokens fell by more than 20% as a result of the hack,

currently reaching $3.57.

It's worth noting that the Cetus Protocol token price has also fallen by 40%.


Technically :

 SUI tokens are expected to decline further in the coming period.

If the decline continues, the specified demand zones

at the 2.45 level are the best buying zones for the coin currently,

targeting the 2.94 and 3.67 levels, respectively.

A buy signal fails to break the specified demand zones,

and closes below them with a full-day candle.